The smart money herds the sheep back into the market then exit fast.
The smart money herds the sheep back into the market then exit fast.
I was on a conference call with two long time friends that are also Advisors. Between the three of us we manage over 1 billion dollars.
Our clients aren’t panicking, not interested in trading, and if they have cash are putting it to work.
After 22 yrs of volatility, the average hnw investor has become battle hardened. Back in 2000-2002 folks were very antsy, not anymore.
If you owned a crap portfolio coming into this, you might have troubles on the other side. But otherwise don’t open your statements, and let time heal this mess.
I love Freeper threads about the markets, there is such a repeatable pattern now, I can actually use it as a bell weather. I especially love the stories about “I sold out of the market at the top (pats self on back)...” Later after recovery, you never hear of anyone even claiming that they timed it right on the way out, then back in.
Could be. What is strange is the honesty lately from Goldman Sachs. They have been talking this economy down. Not like them at all.
“The smart money herds the sheep back into the market then exit fast. “
this smart money bought RDS last week at its 26-year low and locked in it’s trailing 17% dividend yield at the price i bought it at ...